And when Americans pay for the price of inflation, they do so not only through their wallets, but also through job insecurity and risk to their mental health. The simple solution is for the Fed to exercise its own restraint to abstain from getting involved in political issues and to focus only on its Congressional mandate. Only then will we have economic stability and stability in fed credibility. Mr. Pollack, is the Fed being viewed politically a more recent phenomena or have there been times in … (25:48–26:02)
CLAIM
Asserts that the Federal Reserve should focus solely on its Congressional mandate to maintain stability.
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